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>> susie: a big triple-digit rally on wall street, thanks to big profits from corporate america and a breathrough in those debt talks in washington. >> tom: then, after the closing bell, apple is top banana in the company reports staggering earnings as consumers buy a record 20 million iphones. it's "nightly business report" for tuesday, july 19. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. a banner day for blue chips. the dow surged more than 200 points, its best one-day performance this year. at the close, the dow added 202 points, the nasdaq rose 61 and the s&p 500 up 21 points. then after the bell, susie, apple did it again, posting stunning earnings. >> susie: tom, we're running out of adjectives to describe the amazing growth at apple. it earned $7.79 a share in its fiscal third quarter, crushing estimates by almost $2. revenues also came in better than expected, up 82% to $28.5 billion. and that growth comes as consumers keep s
on mcconnell's compromise plan as early as this week. that would mean republicans get big spending cuts in exchange for zero tax increases. the president vowed that that wouldn't happen. tonight let's be an honest broker and make sure he keeps his word. >> i do not see a path to a deal if they don't budge, period. >> president obama drew a line on taxes last week. republicans are running out the clock, and it looks like the president is caving. senator sheldon whitehouse is here. one of the key figures in the news corporate fox hacking scandal is found dead, and there's more trouble in the united states for rupert murdoch. filmmaker robert greenwall on the latest. in psycho talk tonight. >> yes, they have the right to do that. that's not discriminating based upon religion against their particular religion. >> republican presidential hopeful herman cain has a warped understanding of the constitution. more anti-islam remarks from the godfather's pizza man. tonight, he's attacking another candidate on his religion. remember last week everybody was saying, well, the president is in such a g
," washington. >> tom: if richard cordray is confirmed, part of his job will be checking the books of big banks. we'll get a better idea of how they're doing in the coming days when many report quarterly earnings. by the end of this week, 40% of financial firms in the s&p 500 will have reported their numbers. as a group, the results are expected to be downright awful. erika miller reports. >> reporter: banks are the heartbeat of the economy, so their health is often used as a barometer of the recovery-- and the stock market. unfortunately for investors, bank analyst jim sinegal sees plenty of uncertainties ahead. >> in addition to macroeconomic uncertainties, with unemployment high, with g.d.p. growth slow, will the banks be able to add new loans? that's number one. number two is the regulatory uncertainty. we are still not sure where capital levels are going to fall out, and how that's going to affect profitability. >> reporter: as for profitability, diversified financials are expected to be the worst performer this earnings season-- down 94%. this is the group that includes bank of america, j
. i immediately figured out what it was. >> these fish are a big nuisance because they have no natural predators and could hurt the population of the native fish. this is south of the south river which pours into the bai. dnr officials are so concerned about the snake head spreading that they have put a bounty on the fish. from now until the end of the year if you catch one and report it to the dnr, you could win a prize or two. >>> weather wise it's been interesting. we've had showers and storms, one moving into emmetsberg weakening right where it meets up with carroll county and hagerstown, a more significant storm. you're traveling well west. you may run into that one. other than that showerings -- showers and probably rain in that direction also in southern anne arundel towards deal, south of shadyside. one renegade storm. the story has been heat, humidity north of 100 in frederic, d.c., still scattered storms. we'll talk about the excessive heat. that's coming up. >>> let's take a look at tonight's top stories. a baltimore city police officer faces federal drug charges tonight. of
so that they are stable and do not drain the general fund. that is a big aspect of it. another huge issue is the deferred maintenance on our infrastructure. we have a lot of infrastructure that has been deteriorating because we have not maintained properly. that includes roads, sewer systems, muni. we need to be much more diligent about maintaining our infrastructure. some of the big citywide issues that impact the district include transportation. we had more muni service and some other districts. it is not always reliable. some of the major bus lines in the district are not reliable. we have major projects like the renovation of delores park. it is an opportunity to define what the park is and what changes we want to make to it. that is going to be and port project, the same thing with glen canyon that is going to undergo a lot of work. one of the most challenging parts of the new district supervisor is that we elect the supervisors by district. it is very important to pay attention to the district, be engaged in the projects in the district. we also represent the whole city. any d
with only be gone 30 minutes. >>> the san francisco superior court making big cuts because of a huge deficit. in september the court will lay off 40% of its work forces, close 25 courtrooms, it will have a impact on court services. could take hours to pay parking ticket. >>> ratings for yesterday's world cup final through the roof. gary has details and pablo sandoval and the giants making foot work of the dodgers tonight. gary has highlights and all the sports coming up next. [ male announcer ] brace yourself for the big, bold taste of a subway® bbq pulled pork sub. tender, succulent slow-cooked pork with sweet and smoky barbecue sauce, all on freshly baked bread. subway. eat fresh®. . >>> all right. good evening, everybody. the giants continue to dominate within their question. joe montana and his wife on camera. also in attendance, benjamin bratt. you know him? ryan vogual the earned run leader in the major league. ends up an all star. tejada suffering a abdominal strain. he leaves the game. scoreless till sandoval hits one out. everybody says the giants need to get one more big
questions. you can e-mail them to us at wbaltv.com.wb hi parents, it's going to be such a big school year. your kids will each take care of our class hamsters, lewis & clark. then i'll tell them the story of pluto, the sad little planet that was. i'll introduce them to some new friends, the fractions, and some cold blooded ones, the dinosaurs. [sfx: dinosaur growl] clark! anyway, here's what they'll need: markers, scissors, crayons, pencils, folders, juice boxes, pretzel sticks, glue sticks, tape that sticks, and glitter. so much glitter. school takes a lot. target has it all. your home and auto policies and save. don't worry, tiny people. flo is a gentle giant. bundle home and auto at progressive.com. >> the space shuttle atlantis is on its way back to earth, the last space shuttle to leave the international space station. atlantis is scheduled to land at kennedy space center in florida on thursday. the finger-pointing continues in washington. we are exactly two weeks away from the day the obama administration says america will not be able to pay its bills. but they are no closer to a de
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bieber. oh, my god! >> what would you do if justin bieber crashed your wedding, the big day, without an invite. the couple with the wedding video everybody is talking about join us here on "gma." >>> good morning, everyone. george is enjoying a little break with the family and our family member, david muir, is back with us. >> crashing your party. >> justin bieber, david muir, the same thing. >> it's not quite the same thing. >> it is. >> nonetheless. >> how about this extreme weather? >> really something, these pictures coming in. >> from phoenix blowing in last night going through right there. that dust storm, and then these temperatures all -- the majority of the country feeling it, david. >> smoke alarms going off because of the heat. then alarms going off here, these are different kinds as team usa is in the house. look at them just arriving moments ago. what a homecoming. >> we're going to really celebrate with them coming up. love to see them here in times square on our home turf. >> huge crowd for them there this morning. >>> we'll begin with the high-stakes drama unfolding a
had an attendant that would take a passenger's request and then operate the car. the big change was the emergence of a electric elevators. starting in 1880, the electric elevator allowed building dollars to go much higher. we evolved from steam hydraulic elevators to the electric elevators that are not that much different from what we are going to see now at the top of the tower. this is the steam room on the top of the state st. francis. -- on top of the state francis. the equipment you see painted green, that is all the original equipment from 1972. we are just now in the middle of modernizing this equipment. >> why modernize? doesn't the equipment works fine? >> it does, it is of analog and intensive, and there are some additional controls. let me introduce the foreman to you. this is vince. he can do a better job explaining the project details. >> what is happening here, what are you doing? >> we are doing a major modernization. we are tearing out the old system, logic controls, and generator controls, and we will be going over to solid state. this is not your standard selec
survived over nine we are going to take a quick break it is now 6:14 a.m.. you whoa!! the really big chicken sandwich combo is back! and it's as big as ever. i'm gonna jump it! you can't jump that! it's two chicken patties, topped with bacon, and melting cheese plus seasoned curly fries and a drink for only $3.99! what do you know? your only a baby! vrrrrooooom! i'm t-rex and i came out of extinction cuz i heard the combo was back! and that got a million hits? yep. why do we even make commercials anymore? 'cause you like to be in them. taking a look outside of the bridge span fog will clear out and we will see warmer temperatures antioch will be 86 degrees and also in walnut creek. we will be seeing sunny conditions and we will have to contend with the morning fog. temperatures are on the warmer side we are seeing upper 50s lower 60s right now parents' as we head into the afternoon we will see 60 '70s and '80s and this is a breakdown of the numbers neighborhood by neighborhood. and mr. a '70s and '80s. this is a look of your seven day forecast we are going to see temperatures in the
, they will be arguing for his power to be curbs. there is a big discussion. in the u.s., and they are investigating. tomorrow and the next days and weeks are going to be fascinating in that respect. >> as always, we thank you very much. on to libya now, where rebels have claimed victory in the battle for a strategic town. there are conflicting reports about whether or not they have complete control of the town which has been held since gaddafi -- by gaddafi since march. most of the gaddafi forces are said to be retreating west. rebels say 12 fighters were killed and hundreds wounded. the capture would mark a major rebel breakthrough in their bid to push westward. the foreign ministers of europe have been meeting in brussels to discuss the situation in syria. they are considering a series of measures to resolve the standoff between the president and his opponent. in syria itself, anti-government protests are continuing, and activists are warning of potential civil war in the country. >> syria was top of the agenda in brussels today. eu foreign ministers pressured the president assad to reform or ste
heat threatens a big area from texas to the midwest and all the way to the east coast. temperatures in some areas soared up to 125 degrees. it was too much to bear for dozens of baseball fans. one woman suffered from heat exhaustion at yesterday's minnesota twins doubleheader. she was among 50 fans who had to be treated after passing out and becoming dizzy in this incredible heat. >> stay cool, drink water, stay under the ac. >> we had a hot day here and a huge thunder and lightning storm afterwards. >> 20 states right now, incredibly hot. stay safe. >>> take a look at your weather now on this tuesday morning. heat warnings as we said, watches and advisories in 20 states from the rockies to the east coast. severe storms threaten a big area from minnesota to north carolina. off and on thunderstorms from eastern texas to pensacola and rainy in the pacific northwest and in the rockies. >> not so bad in sacramento and boysy. we're looking at about 80 there. 106 in phoenix. kansas city 94. dallas coming in at 98. 90s from new orleans to atlanta to new york. boston at 85. >>> this story h
afternoon, hid their bodies in the bedroom, and then had a big party saturday night after posting invitations on facebook. hadley is charged with two counts of first degree murder. >>> after the battle over raising the debt limit. today the house is scheduled to take a largely symbolic vote on a republican-backed measure that has virtually no chance of passing in the senate. a just-released cbs news poll finds 48% disapprove of how the president is handling the negotiations. congress fares even worse, 58% disapprove of how democrats are handling it, and 71% disapprove of what republicans are doing. tara mergener is in washington with more on this. good morning, tara. >> good morning, betty. no question, there is a lot of pressure all the way around here. and options are getting fewer and fewer, as the deadline looms. house republicans are on track to pass a plan that would raise the debt limit, for a price. >> we can no longer borrow 40 cents out of every dollar in this country. that's why we must pass cut cap and balance. >> reporter: the tea party backed proposal would let the g
. the improvements at the civic center may be the last big project they ever complete. the $11.4 million started in 2008, and are finishing up just as redevelopment agency fights to survive. the california redevelopment association file aid lawsuit with the state court arguing the budget deal is unconstitutional. >> what they're doing is redirecting the money. at the end of the day where money goes is the issue. >> the state argues the legislature created redevelopment agencies and has power eliminate them. the complex deal that closed a $27 billion budget short fall relies on $1.7 billion inappropriate tax revenue that was aloe indicated to redevelopment agencies and now must be spent on schools. >> this issue here is can the state continue business as usual? the legislature said no. >> the san jose is responsible for projects ranging from the tech museum to affordable housing, going from a staff of 90 to just eight today f nothing changes this will cease to exist altogether on october 1. >> that is better remaining we're just going to proceed as we can. to there is no longer redevelopment. we
handle. in the daytime i work for a big law firm of the type that tony probably would not hold in the highest of esteem, but i'm delighted to be here. you know, i think if you talked to most authors, they will tell you that there is something hot-wired into our system that says we need to try to tell a story. there is nothing at all in my background. i am an absolutely accidental writer. there is nothing in my background which suggests i should be writing novels. i grew up in chicago. i write books about san francisco. i studied accounting at the university of illinois. i have been a corporate and securities attorney for 28 years. i've now written seven best-selling novels about murder trials, death penalty cases, and courtroom drama. i have never handled a criminal case in my life. [laughing] so all of you out there who are thinking of writing novels, there is hope. but i did have this feeling a long time ago, probably from the time i was in high school, that at some point i would like to try to write a novel. and i can't explain why. i do know that when i read "presumed innoc
for their artistic seven-year-old, and they say he has made big improvements in class. >> it takes a minute to figure out, and now they are doing it in a matter of seconds. >> they are looking to find new educational applications for other students, and they hope others will donate applications to help them. and use a larger for when you are dining out. a new study from the university of utah found that when customers were given a larger portions, they 8 less food overall. -- they ate less food. having a large forked -- fork provides a clue. doctors from john hopkins and cedars sinai says that the surgeons behavior in the operating room sets the tone for the surgery. those who scored higher in civility had your post operative death and complications. and some say they try to avoid difficult doctors, even if they have a question about medication orders. >> now, your 11 insta-weather forecast. >> well, it certainly feels tropical out there this afternoon. the dewpoint climbed into the 70's, and in there, there have been some thunderstorms. like i said at the top of the show, some reports of heavy rain
but only after a big budget cuts, a spending cap, and the adoption of a balanced budget amendment. president obama says that he will veto that bill. >>> the loudoun county board of supervisors today is expected to vote on a plan that could lower the costs of the dulles rail project. the proposal by the u.s. transportation secretary would require the airports authority to reverse its decision and support an above-ground station. it would also require loudoun and fairfax counties to assume millions of dollars in those costs. >>> 5:05 on this tuesday. the guardian angels are taking action. >> today they will be along the metropolitan branch trail beginning today. this comes after a robbery since may. the group will join stepped up police trails in that area. critics stepped up police patrols. the you see someone suspicious, keep your distance and then contact police. >>> 7 is on your side with confirmation of a new type of crash avoidance system to reduce low speed rear end crashes. the highway loss data institute released a new study that looked at 2010 volvo's outfitted with a cras
and all trial courts are taking a big hit. >> and plans to merge four peninsula fire departments will be presented tonight at burlingame city council meeting. this program would combine the millbrae and san bruno departments with central county fire. the merger has been approve bid all four communities. it's projected to save $540,000 per year, closing two fire stations and consolidating fumpxz. no jobs will be lost. >> and another -- cisco systems confirmed it's laying off 6500 employees, 9% of the networking qipt work force, 2100 coming from employees taking part in early retirement and says 15% lk employed at at and above the level of vice president. workers will be notified first week of august. >> another round of dead d.debt talk was out a deal. the president says progress is being made. and the republican senator says he'll slash through spending cuts and raise age at which americans receive social security benefits to 70. >> the fact is that politicians desires for career get in the way of what is best for the country well. know that. you see it every day. i'm saying it's
place over here in the uk. this is one division that has the big question mark over it, the publishing division, $997 million in 2010, 22% of operating income for the company. we have "the wall street journal" front cover, they purchased that for $5 billion. you have $200 million coming from the uk. not a game changer but whether this spills over into the other businesses that rupert murdoch owns. the next division, u.s. broadcast networks, they have about 37% penetration into u.s. house holds, this represents 9% of the bottom line, $409 million they have, tv stations scattered throughout the united states, again, does it spill over because of reputation? right now analysts we spoke to on wall street say not just yet, last division here, sky italia here, scott mockridge, it represents 4% of the operation, not a game changer but feeds in. bskyb would have brought in 15% of earnings per share in 2012 if the deal would have gone through, been held off for 12 to 18 months and it may not happen at all. you take a step back from all the numbers i hoad you, $636 million loss, about 14% of the
with the preview of the day ahead on wall street. >> that's right. earnings season, of course, is rolling on. big numbers this week and we've got apple in focus today. the tech giant expected to hand in another blockbuster quarter. wall street is also waiting on some new economic data and the hope here is the reports are strong enough to get investor's minds off of the debt problems here at home. and in europe. checking the numbers on wall street, the dow standing at 12,385. plus another -- lost another 94 points in trading yesterday. nasdaq was down by 24 points. s&p 500 was off by 10. as the debate over the debt ceiling rages on, the house will vote for a plan backed by the tea party. it would let the government borrow another $2.4 trillion but only after big and immediate spending cuts and adoption by congress of a constitutional amendment that would require a balanced budget. the plan is doomed in the democratic-controlled senate after the bill stalls, senate leaders are likely to try to advance a bipartisan plan to give the president sweeping powers to order an increase in the borrowing cap.
of the need for a course correction. but weeks of negotiations have shown his commitment to big government is simply too great to lead to the kind of long-term reforms we need. >> reporter: reid says lawmakers must find a solution. >> we'll stay in session every day, saturday and sunday until congress passes legislation to prevent the united states from defaulting on negotiation. >> reporter: in chicago, key ally expressed support for the mcconnell-reid plan. >> more work to be done. joint committee can tackle it but it's responsible way out of the crisis. >> reporter: lindsey graham favors constitutional amendment but there isn't enough support in the senate. >> we have the people behind us. 72% of the american people want balanced budget. >> reporter: the president called for shared sacrifice. >> i am still pushing for to us achieve a big deal. but what i said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payment on deficit reduction. >> reporter: but the cochair of the president's own deficit commission ha
the accident happened. >>> still to come at 6:00, big news out of silicon valley. >> a big layoff from the valley and a boost for the east bay coming up after the break in the tech and business report. >>> and it's your chance to be a seismologist. how you can help spot earthquakes from your own home. that's next. >>> the bay area is known as home of innovation and change but may lose our hold on the green industry. we'll explain. >> i'm chief meteorologist jeff ranieri. one of the warmest days we've ved in or a week here across the bay area with low to mid 70s there in the south bay and even a few 80s today. tonight plenty of cinl weather down in the south bay a coming up, we'll talk about a seven-day forecast that's heating up. >>> the next big one is something we're all aware could happen at any time. you may be sitting on the key as to when it could hit. >> reporter: stanford seismologists and scientists say that the more monitoring we have in the bay area, the more we'll learn about earthquakes and better chance of us getting an early warning even if just few a few seconds which i
. >> this is part of his public safety plan. it also includes a big change in how the city treats some drug use. he wanted to make the possession of small amounts of marijuana a summary offense, treating it more like a traffic offense than a crime. >> spending time on quote- unquote "petty crime." >> since 2000, the city has spent $4 billion " on policing, but the crime rate has not significantly budged -- has spent $4 billion on policing. this is still among the highest in the country. >> it is more than fair to say whether this has been a good investment, in my answer would be no. >> he says he is willing to spend less on policing. >> a small a police budget, particularly if it is part of a bigger plan, so if you are making cuts in the police budget, you also need to be making enhancements in other areas so you are enhancing public safety, and right now, we are not doing that. >> his plan to change the possession of small amounts of marijuana has already been done in philadelphia and seattle. he has the whole of his public safety plan that he says will reduce crime by 25% in his first term if ele
not want to use a file to investigate it. >> how big a day is this today? >> it is a big day for parliament to make sure they can answer the questions. powerand get subpoena back in the committees. >> all things were joining us. -- thanks for joining us. [unintelligible] these pictures have come in the last hour or so. a public-relations company has been brought into news corp. is helping murdock prepare for this. it seems to have changed their approach. from rupert murdoch said there were only minor problems and told this to american news -- newspapers. but in britain, he apologized to the british public for the hacking scandal. the real question is what will be amended in a select committee today on questions on whether or not there was a cover-up. this has shaken many of the foundations of the british political scale. >> four decades, -- for decades, rupert murdoch has towered over britain's. but what will remain of him? has this shifted the balance between politicians and media in britain? >> the relationship became too close. we all want the support of newspaper groups and broadcasting
coming with afternoon thunderstorms. that big complex, that cluster is p droidropping south of pitt. pretty good lightning and rain coming from morgantown, west virginia. right now best chance is around noon or 5:00 to 7:00 p.m. today to get these thunderstorms. could get a little hail too. 79 in leesburg, loudoun county. 73 degrees in gaithersburg. st. mary's, maryland, 79 degrees. by 9:00 a.m. pushing into the mid to upper 80s. danella? >>> we have breaking news in silver spring, montgomery county. a serious crash between a police cruiser and another car. everyone involved is expected to be okay. a large stretch of colesville road is closed right now as police conduct an investigation. news 4's megan mcgrath is live on the scene with the latest. >> reporter: colesville road a major commuter route closed in both directions. it could be another hour or two before it reopens. all because of a crash that opened early this morning. that crash involving a montgomery county police cruiser and another sedan. you can see where the cars ended up. the police cruiser very, very banged up in t
get our attention in a big hurry and we're going watch it. >> thank you. >>> the hacking scandal in the uk taking a dramatic turn. >>> and the new bomb shell dropped by an expert who testified at the casey anthony trial. >>> and pretty safe to say that this won't be the photo making the weeing bum. why a bride got busted on her big day. we'll be right back.  >> high drama inbrate ape as news corp chairman rupert murdoch, his son janes and former news of the world editor rebekah brookes testified about the phone hacking scandal that gripped the country for weeks now and shawn yancy has more on today's proceedings. >> reporter: when rupert murdoch addressed lawmakers, he seemed confused and flustered. the moments in the proceedings, a protestor interrupted the hearing and take a look. >> oh. >> a man tried to throw a foam pie into his face. wendy, the wife in the jacket quickly tried to s.w.a.t. it away. the police arrested the man. the hearing continued 10 minutes later, he continued the testimony saying while he's the ceo of the company that hacks phones, he's not res
, and a small room inside that parliament building just big enough for about 40 or so spectators, but there will be overflow rooms with lots of television screens. this is must-see tv today for all of britain and elsewhere. as one politician here put it, the three musketeers of the murdoch media empire and that phone hacking scandal will appear later today. now, they'll be grilled by ten members of a select committee on culture, sport and media. it doesn't sound very threatening. these hearings will only last for an hour. for rupert and his son james murdoch and another hour for rebekah brooks, who was the chief executive of murdoch's british holdings until she resigned last week. for the second hour. now, members of parliament will try to get the murdochs and brooks to commit themselves to say things on record that could be used against them later. what brooks and the murdochs, on the other hand, will do, is to be contrite. that's the new buzz word, apologize, apologize, apologize. there are biographers and media experts saying this could only hurt them today, this hearing will
hundreds! yeah, that'll certainly stick with me. we'll take it. go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. somewhere in america, there's a doctor who can peer into the future. there's a nurse who can access in an instant every patient's past. and because the whole hospital's working together, there's a family who can breathe easy, right now. somewhere in america, we've already answered some of the nation's toughest healthcare questions. and the over 60,000 people of siemens are ready to do it again. siemens. answers. >>> here's how citigroup describes it. asking what the u.s. economy might look like after a possible u.s. treasury default is akin to asking what will you do after you commit suicide. here's how the treasury secretary put it in a meeting with democrats. if this country defaults on its obligations, it will be much worse than the great depression. it will make the massive financial crisis of 2008 look mild. it will make what we just went through look like a quaint little crisis. when moody's said
financial consequences are predicted. president obama is trying to reach a big deal with republicans. >> we can't let politics stand in the way of doing the right thing in washington. >> but politics are standing in the way. who is to blame? in a new cbs poll, 49% blame republicans for inaction. 29% think the president is responsible. a final deal will have to involve compromise most americans say. 69% think president obama needs to compromise. 85% say republicans have to make concessions. only 11% say republicans should stick to their guns. last week, house speaker john boehner said republicans won't budge on taxes. >> our stand on the debt limit has been clear. there can be no tax hikes because tax hikes destroy jobs. >> the poll suggests most americans, including republicans disagree. >> hire taxes lead to more cuts. higher taxes and more cuts? >> yeah. >> 66% believe any final deal should include a combination of both spending cuts and tax increases. that includes 55% of republicans and 53% of tea party supporters. >> unless the debt ceiling is raised by august 2, the federal gov
know who you can call to get a cab. i am a big believer in pedestrian bicycling as options to get around town. many cities in the world have far more people working or on bicycles into blocking or on bicycles. they are pleasant most of transit and are efficient. -- many cities in the world have far more people walking or on bicycles. they are pleasant and efficient forms of transportation. that will take cars off the road and make it easier for those who drive. if we want to create a world- class transportation system, we have to make a commitment to each of these modes of transit to allow us to move where we need to go. >> is it safe for pedestrians on the streets? >> it is not. in recent years, we have had too many pedestrian accidents. there are estimates it costs our cities several hundred millions a year because of traffic accidents, injuries, and fatalities. i am asking one of our transit agencies to study where we're spending our dollars around the district and whether we invested more money would help to reduce our overall costs that come when a pedestrian is hit by a car.
. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no application fee. if you are interested in an application or information, i have brochures, or you can give us a call. >> thank you. next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so
that are not doing that, and sometimes they come up with a big surprise, and say all of a sudden they get this 75,000, 100,000 assessment. it's not something i guess that the city can legislate, perhaps, but -- >> that's interesting -- >> but it's something everybody needs to know. there's a life to this product. >> there's an inplied did youribility to the code but doesn't stay what it is. we often approve materials and the code says when we approve alternative methods of materials, there's eight specific lets which include safety, health, fire assistiveness, security, durability is one of those things. when someone says i'm going to use this product and i think it's equivalent to what the code requires one of the questions is how durable will it be and that raises the question what is the durability that you would normally get out of a product that is approved by the code. as we move towards these so-called performance design standards where they say i'm going to perform like the code even though it's not a product that meets the code, we're more and more asking the question, what if the regula
for a course of correction, but he's shown his commitment to big government is simply too great to lead to the long term reforms we need. >> reporter: lawmakers must find a solution reid says. >> we'll stay in civic day including saturdays and sundays until congress -- session every day including saturdays and sundays until congress comes up with an agreement. >> there's more work to be done. joint committee can tackle it. >> reporter: republican senator lindsey graham faves a constitutional amendment, although -- favors a constitutional amendment, although there's not enough support in the senate. >> 72% of the people want a balanced budgets as part of the amendment to the constitution. >> reporter: the president is opposed to that but is calling for a shared sacrifice. >> i am still pushing for to us achieve a big deal, but what i also said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a downpayment on deficit reduction. >> reporter: but the co-chair of the president's own deficit commission has not been impres
something big done. the president has made it clear he wants to do something substantial. >> sean: that was budget director lew talking about the debt negotiations. he says the president wants to do something substantial. we found out how hollow that pledge is. the administration announced if the republicans cut cap and balance pledge were to pass the house and senate, president crybaby would veto this the plan gaining momentum tackles america's fiscal crisis making mandatory spending reductions that would reduce the deficit, cap spending at 18% of the gdp and send to the states a balanced budget amendment to the u.s. constitution. those measures would prevent this president from pursuing his reckless tax and spend agenda, which explains why he's opposed to it. joining me with his take south carolina senator lindsey graham. how are you? >> good, thanks for having me. >> sean: it is simple to me. this is the moment of truth. they election in 2010, the biggest mid term in 70 years. i'll quote president obama, we won, conservatives won. cut, cap and balance, do you support it? >> tot
's what happened here today. they say the kids were marching under this tree when that limb, that very big and heavy limb without notice without warning came tumbling down on top of them. >> one minute everything's fine and the next a tree just comes tom blung down. it was the people's church vacation bible camp. 25 kids of all different ages. >> we have serious injuries. two older people had pretty significant injuries we would say, priority one. they were taken to local trauma centers, and the three kids, several other kids were evaluated. they have some fairly serious injuries, nonlife threatening. >> everybody's supposed to be okay. the people's church vacation bible camp, every day they do something different. tomorrow they're supposed to go roller skating. i'm pat collins, news 4 washington. >> the fbi arrested a man from fairfax today and accused him of being on the payroll of the pakistani spy service. he's an american citizen, he's the executive director of the kashmiri american council. he's not charged with espionage. authorities say he made thousands of dollars in political con
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